Nessland Limited
Accounts for the 18 mth period 1 April 2008 to28 September 2009
£
Comments and explanations in italics
Income
40312
This should be the easiest figure to agree being 24 flats @annual fee +8 top flats@
annual fee. However when we were self managed the income was taken directly
from the bank account with no adjustments for owners paying in advance. Crown
have produced records for Darnells to use that allows this to be done. Hence a number
of us who pay quarterly and pay at end of September and not beginning October will
have paid one quarter in advance and Darnells have adjusted for this (see Other creditors
below). The result is that the above income figure appears a quarter light when it is in fact
correct. Next year’s accounts to September 2010 will show income of 24*£1020 +8*£1192.
Bank interest received
697
Expenditure
Insurance
4840
Aviva insurance policy falls due 27 June each year. June 08 was £3515.81, June 09
£3508.62. The figure here is for 18 months. This figure should also be £1136 more as this
has been miscoded under Admin expense.
Light and Heat
3440
In line with prior year charge as this is for 18 months
Lift maintenance
10427
Main expenses in period were repair to lift on 29/9/08 £2672, the annual lift contact
renewed 1 January each year, Jan 2008 was £4214, Jan 2009 £4388.
T+N lifts repairs April 2008 £880
Repairs and maintenance
11870
We spent £6070 in September 2008 for replacing internal door closers
We spent £3292 in April 2008-paid to Dealcombe builders (Teignmouth)-no info on the
invoice to explain what this is for.
Clearing sewage drains(Sept08) £395, new fence panels(Dec08)£275, lay 3 tons chippings
(may09) £325, fire risk assessment £198(Dec08),roof sealant work £120(Dec08)
Admin expense
8401
Crown fees £987.04 per quarter June08 to September 09 £5593
Secretary fee (pre crown) £448. insurance miscoded £1136, Stamps and expenses